Green Energy
America Has Enough Oil To Be The #1 Oil-Producing Nation In The World
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
- "within A Year North Dakota Is Expected To Supply More Oil For Domestic Use Than The 1.1 Million Barrels A Day That Saudi Arabia Now Exports To Usa"
HUH?Drill baby drill.Kansas City Star: The United States was so dependent on foreign oil that by 2008 it imported two-thirds of what the country’s refineries needed to produce enough gasoline, diesel and the other petroleum products to meet the country’s...
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There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...
- Leading Oil Expert Warns Oil Supplies Are Running Out Fast - This Is Absolute B.s.
From the Independent: The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.Higher...
- The End Of Saudi Arabia And Iran....mmmmmmmmmmmmm...real
Pointed out by Michael Ledeen, via Andrew Bostom: 1) NEXT ENERGY NEWS: Massive Oil Deposit Could Increase US reserves by 10x America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make...
Green Energy
America's Dependency on Foreign Oil... Dropped Significantly?
From Ace of Spades:At Instapundit.
At NPR, a story about the Bakken oil fields.I have been reporting on this for several years.
Now, I did read this was a big field, but I didn't know it was already producing so much, or that it was expected to produce even more.Two years ago, America was importing about two thirds of its oil. Today, according to the Energy Information Administration, it imports less than half. And by 2017, investment bank Goldman Sachs predicts the US could be poised to pass Saudi Arabia and overtake Russia as the world's largest oil producer. Places like Williston are the reason why.Now, add ANWR and the California coast into the mix. Things start to look a little more hopeful.
"For many years, they knew that there was oil in that area, but the technology wasn't available to get it out," the town's mayor, Ward Koeser, tells weekends on All Things Considered host Guy Raz.
But in the last few years, advances in such technologies as "fracking" and horizontal drilling have made, by some estimates, as much as 11 billion barrels of oil available in the Bakken formation under North Dakota and Montana.
"There's oil companies coming from all over the country now." Koeser says.
Williston has skipped the recession entirely. Unemployment there is less than 2 percent. The population, the mayor estimates, has grown from 12,000 to 20,000 in the last four years.
"We actually have probably between 2,000 and 3,000 job openings in Williston right now," Koeser says.
But Note: Warren points out:I suspect that a good part of this is related to lower demand due to a weakened economy. And you thought that Obama's economic policies weren't accomplishing anything.Yes, that's true, energy demand falls in recessions and depressions, so we'd have less need of foreign crude. But still, 66% to 50% is a big drop-off that can't (I don't think) be explained away by idled resources.
America Has Enough Oil To Be The #1 Oil-Producing Nation In The World
- U.s. Seen As Biggest Oil Producer After Overtaking Saudi Arabia
From Bloomberg: The U.S. will remain the world’s biggest oil producer this year after overtaking Saudi Arabia and Russia as extraction of energy from shale rock spurs the nation’s economic recovery, Bank of America Corp. said. U.S. production of...
- "within A Year North Dakota Is Expected To Supply More Oil For Domestic Use Than The 1.1 Million Barrels A Day That Saudi Arabia Now Exports To Usa"
HUH?Drill baby drill.Kansas City Star: The United States was so dependent on foreign oil that by 2008 it imported two-thirds of what the country’s refineries needed to produce enough gasoline, diesel and the other petroleum products to meet the country’s...
-
There's a shocking amount of energy being found From Ace of Spades:Here's a linkfest for news about shale gas, oil from shale rock,tar sands and such. We keep finding more of it. It'd be nice if we were able to USE more of it in the US. They...
- Leading Oil Expert Warns Oil Supplies Are Running Out Fast - This Is Absolute B.s.
From the Independent: The world is heading for a catastrophic energy crunch that could cripple a global economic recovery because most of the major oil fields in the world have passed their peak production, a leading energy economist has warned.Higher...
- The End Of Saudi Arabia And Iran....mmmmmmmmmmmmm...real
Pointed out by Michael Ledeen, via Andrew Bostom: 1) NEXT ENERGY NEWS: Massive Oil Deposit Could Increase US reserves by 10x America is sitting on top of a super massive 200 billion barrel Oil Field that could potentially make...